No VAT will be charged on the hammer price, but VAT at 17.5% will be added to the buyer's premium, which is invoiced on a VAT inclusive basis.
Anonymous sale, Christie's, New York, 25 February 2004, lot 124.
Private collection, London, by whom acquired at the above sale, and thence by descent to the present owner.
THE PROPERTY OF A PRIVATE COLLECTOR
A. Ramié, Picasso, Catalogue of the Edited Ceramic Works, 1988, no. 325 (the ceramic version illustrated p. 326).